Hong Kong - Skadden Advises KE Holdings Inc. On Its US$2.05 Billion Follow-On Public Offering.
Legal News & Analysis - Asia Pacific - Hong Kong - Capital Markets
20 November, 2020
Skadden is advising KE Holdings Inc., a leading integrated online and offline platform for housing transactions and services in China, in its underwritten follow-on offering of 35,400,000 American Depositary Shares (ADSs). At a public offering price of US$58.00 per ADS, each ADS represents three Class A ordinary shares of the company for a total offering value of approximately US$2.05 billion, assuming the underwriters do not exercise their option to purchase up to an aggregate of 5,310,000 additional ADSs. Skadden also worked on the company's US$2.4 billion NYSE IPO in August 2020.